Saturday, October 14, 2006
The Secrets Behind Invented Products That Sell Millions Of Units
What is so special about those products that sell millions of units? It is rather obvious that if one is able to figure out what makes a product invention a winner, then chances are higher that they will be able to come up with one of their very own winner.
It really isn’t that difficult to study inventions that have made it big and look for similarities in most of them that you can then ensure are contained in your product invention.
Does The Invented Product Solve A Problem?
There is nothing that helps an invention sell more than the fact that it is a problem solver. The bigger and more pressing the problem it solves, the more it will sell. But the really hot sellers tend to be the inventions that solve problems that people are not even aware that they have.
This is really the ultimate test for any invention. It is surprising how many times you will see inventions that do not add any value or solve any problem.
Can The Invented Product Be Easily Copied?
There are those product ideas that are really great but easy to duplicate or copy. Even with a patent some smart folks can get round the patent by recreating the product with a small variation. What this means is that even if your product is successful and sells well, its’ impact and sales are somewhat watered down, meaning that those really high sales figures will never really be reached.
Is The Price Of The Invention Right?
Ultimately the price tag you put on the product is important. Many inventions end up being virtually useless because the target market can hardly afford to purchase it. One strategy that has been used very successful for years is to continuously reduce the price to take advantage of improved production and economies of scale. This has often been very effective in keeping out new copycat entrants and has gone a long way in helping many invented products sell millions of units.
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There is really no better place to learn the secrets of how to turn an invention idea into millions than from a book written by a person who has done just that. Check out Frank L Stapleton's amazing invention ebook that will change your life.
It really isn’t that difficult to study inventions that have made it big and look for similarities in most of them that you can then ensure are contained in your product invention.
Does The Invented Product Solve A Problem?
There is nothing that helps an invention sell more than the fact that it is a problem solver. The bigger and more pressing the problem it solves, the more it will sell. But the really hot sellers tend to be the inventions that solve problems that people are not even aware that they have.
This is really the ultimate test for any invention. It is surprising how many times you will see inventions that do not add any value or solve any problem.
Can The Invented Product Be Easily Copied?
There are those product ideas that are really great but easy to duplicate or copy. Even with a patent some smart folks can get round the patent by recreating the product with a small variation. What this means is that even if your product is successful and sells well, its’ impact and sales are somewhat watered down, meaning that those really high sales figures will never really be reached.
Is The Price Of The Invention Right?
Ultimately the price tag you put on the product is important. Many inventions end up being virtually useless because the target market can hardly afford to purchase it. One strategy that has been used very successful for years is to continuously reduce the price to take advantage of improved production and economies of scale. This has often been very effective in keeping out new copycat entrants and has gone a long way in helping many invented products sell millions of units.
=====================
There is really no better place to learn the secrets of how to turn an invention idea into millions than from a book written by a person who has done just that. Check out Frank L Stapleton's amazing invention ebook that will change your life.
# posted by Chris @ 2:36 AM 
